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1 JANUARY: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 1 January 2016.

Desultory trading in the fag-end of 2015 between Christmas and New Year couldn’t conceal the fact many investors on Western markets take a dim view of forthcoming economic prospects, as the price of oil and other industrial commodities — principally metals — continue to weaken.

New York’s S&P 500 index finished about 5% down over the past 12 months and the eurozone’s Eurofirst 300 ended flat. Such gloom was reflected in equity price slides for every motorcycle-related enterprise listed on either side of the Atlantic in the final week. Most stock markets on both continents shut at lunchtime on New Year’s Eve and remained closed on New Year’s Day.

Tokyo actually packed up on 30 December but was a tad more positive, the Nikkei 225 on an uptick and all four Japanese bike brands flagging modest share price growth week-on-week. However, there was no consensus in the emerging economies of China and India, where stock exchange performance by motorcycle manufacturers was up and down like the proverbial stripper’s knickers.

                                

Price (P) Daily change (C) 52-week range (R) One-year investment return (Y) 

USA (US dollar)

Harley-Davidson    P 45.39  C -0.37%  R 66.58 – 45.00  Y -29.42%

Polaris    P 85.95  C -0.42%  R 158.24 – 81.42  Y -41.32%

Arctic Cat    P 16.38  C +2.06%  R 39.72 – 15.44  Y -51.68%

US Highland    P 0.34  C -12.76%  R 1.05 – 0.11  Y -34.31%

Viper    P 0.0008  C N/A  R N/A  Y N/A   [Suspended]

Confederate    P 0.15  C +0.54%  R 0.33 – 0.08  Y N/A

Notes: Polaris makes Victory and Indian bikes, ATVs, snowmobiles, quadricycles and EVs. Arctic Cat makes ATVs and snowmobiles. US Highland makes off-road bikes. Viper Powersports makes the Diamondback Super Cruiser. Confederate Motors makes Combat Fighter cruisers.

 

CANADA (Canadian dollar)

BRP    P 19.88  C -0.65%  R 29.80 – 19.75  Y -17.85%

Notes: Bombardier Recreational Products makes Can-Am ATVs, Spyder road trikes, Ski-Doo snowmobiles, Sea-Doo PWCs and Rotax proprietary engines.

 

TAIWAN (Taiwanese dollar)

Sanyang    P 22.00  C -0.23%  R 28.75 – 19.15  Y -22.81%

Notes: Sanyang Motor (SYM) is the leading Taiwanese bike manufacturer.

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.42  C -2.33%  R 0.85 – 0.40  Y -7.69%

Notes: Vietnam Manufacturing & Export Processing Holdings, a JV partner of SYM, is the third-largest Vietnamese bike manufacturer.

 

INDONESIA (rupiah)

Astra    P 6000  C -0.41%  R 8575 – 4975  Y -16.18%

Indomobil    P 2365  C +1.5%  R 4200 – 1860  Y -40.63%

Notes: Astra International is a Honda JV partner. Its controlling shareholder is British conglomerate Jardine Matheson. Indomobil Sukses Internasional is a Suzuki JV partner.

 

EUROPE (euro)

BMW    P 97.63  C -0.72%  R 123.75 – 72.05  Y +13.98%

Daimler    P 77.58  C -0.87%  R 96.07 – 62.05  Y +16.21%

VW    P 142.30  C -0.83%  R 254.99 – 95.00  Y -18.13%

KTM    P 125.00  C N/A  R 141.00 – 99.69  Y -6.93%

Piaggio    P 2.33  C -1.44%  R 3.18 – 2.10  Y -0.5%

Notes: Daimler’s AMG-Mercedes subsidiary has a 25% stake in MV Agusta. Volkswagen Group owns Ducati.

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 389.99  C +0.63%  R 414.80 – 311.37  Y N/A

Pak Suzuki    P 500.25  C +1%  R 510.00 – 330.00  Y N/A

Notes: Atlas Honda and Pak Suzuki are JV assembly partners.

 

INDIA (rupee)

Hero    P 2686.05  C -0.3%  R 3149.20 – 2251.30  Y -12.34%

Bajaj    P 2518.00  C -0.55%  R 2656.00 – 1912.50  Y +4.75%

TVS    P 286.65  C -1.09%  R 322.30 – 201.00  Y +7.97% 

Eicher    P 17,370.85  C +3.06%  R 21,620.00 – 13,900.10  Y +15.54%

Mahindra    P 1265.35  C -0.55%  R 1442.05 – 1092.15  Y +4.29%

Maharashtra    P 1417.10  C +0.7%  R 1619.00 – 785.85  Y +46.07%

Scooters India    P 28.55  C +3.82%  R 35.45 – 21.75  Y -13.35%

Notes: Hero MotoCorp is an own-brand former Honda JV partner. Bajaj has a major shareholding in KTM and ties with it and Kawasaki. TVS is a former Suzuki JV partner and now BMW Motorrad contractor. Eicher makes the Royal Enfield brand. Mahindra & Mahindra has an own-brand bike range and a majority stake in French scooter brand Peugeot. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj. Scooters India makes Vikram three-wheeled taxis and light trucks. The Indian government has a majority stake.

 

JAPAN (yen)

Honda    P 3910  C +0.67%  R 4499 – 3420  Y +13.43%

Yamaha    P 2744  C +1.48%  R 3245 – 2108  Y +14.19%

Suzuki    P 3703  C -0.05%  R 4780.5 – 3411.5  Y +2.62%

Kawasaki    P 452  C -0.22%  R 647 – 398  Y -16.33%

 

CHINA (yuan)

Qianjiang    P 11.52  C -2.7%  R 17.11 – 5.55  Y +89.47%

Zongshen    P 13.82  C -1.78%  R 30.15 – 7.80  Y +73.6%  

Sundiro    P 8.30  C +0.24%  R 12.69 – 4.70  Y +62.11%

Jialing    P 10.01  C +5.04%  R 16.34 – 5.27  Y +11.97% 

Lifan    P 17.34  C +2.3%  R 27.99 – 8.31  Y +99.38%

Loncin    P 23.73  C -0.46%  R 39.48 – 13.00  Y +78.62%

Linhai    P 14.19  C +6.13%  R 14.71 – 7.91  Y +76.49%

GAG    P 22.57  C -1.05%  R 24.85 – 7.80  Y +162.31%

 

CHINA (Hong Kong dollar)

Jianshe    P 18.20  C +1.17%  R 19.99 – 6.85  Y +145.95%

Notes: Qianjiang owns Keeway and formerly Italian Benelli. Zongshen makes own-brand bikes and proprietary engines, and has JV partnerships with Piaggio, (scooters), and Harley-Davidson (parts). Sundiro is a Honda JV partner. Jialing makes own-brand bikes using Honda licensed technology. Lifan makes own-brand bikes and distributes MV Agusta in China. Loncin is a Kawasaki JV partner and OEM engine contractor to BMW Motorrad. Linhai and Jianshe are Yamaha JV partners. Guangzhou Automobile Group (GAG) is the parent of Honda JV partner and own-brand bike manufacturer Wuyang.

 

MALAYSIA (ringgit)

Oriental Holdings    P 6.95  C N/A  R 7.93 – 6.48  Y +3%

Hong Leong    P 5.93  C N/A  R 6.30 – 4.21  Y +40.64%

Notes: Oriental Holdings is a Honda JV partner. Hong Leong Industries is a Yamaha JV partner.

 

SOUTH KOREA (won)

KR    P 1270  C -1.93%  R 1770 – 905  Y +21.53%

Daelim    P 67,100  C -0.3%  R 98,000 – 50,400  Y +4.03%

Notes: KR Motors makes Hyosung bikes and ATVs. Daelim Industrial retains a controlling 59% stake in Daelim Motor, the largest bike manufacturer in Korea. (The remainder is British, owned by Standard Chartered Bank.)

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